On August 16, 2017, Magnetar Capital LLC, on behalf of its managed funds, made a $200 million investment in Painted Pony Energy Ltd., a publicly listed Canadian natural gas producer. The investment included $150 million of unsecured notes and $50 million of convertible debentures.
Magnetar Capital, LLC is a US private equity fund based in Evanston, Illinois, and invests across equity and credit in both public and private transactions and has US$13.6 billion of assets under management. Norton Rose Fulbright Canada LLP advised Magnetar Capital LLC with a team that consisted of Marcus Archer, Darren Hueppelsheuser, Ryan Keays, Brian Milne, Jason Giborski, Matthew Longstaff, Reid Yester, Matthew Zedde and Colin Bartlett.
Painted Pony Energy Ltd. was represented by Tonya Fleming, VP, General Counsel & Corporate Secretary, with external assistance from Blake, Cassels & Graydon LLP with a team that consisted of Tim Andison, Nancy Diep, Andrew Kolody, Michael Hickey, Stefania Zilinskas and Cameron Siempelkamp.
